Symphony Financial Ltd. Co. Sells 2,988 Shares of Nordson Corporation (NASDAQ:NDSN)

Symphony Financial Ltd. Co. reduced its stake in Nordson Corporation (NASDAQ:NDSN - Free Report) by 53.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,609 shares of the industrial products company's stock after selling 2,988 shares during the period. Symphony Financial Ltd. Co.'s holdings in Nordson were worth $526,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Nordson by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 6,226,757 shares of the industrial products company's stock worth $1,302,887,000 after acquiring an additional 93,146 shares during the period. Lazard Asset Management LLC boosted its holdings in shares of Nordson by 3.1% in the fourth quarter. Lazard Asset Management LLC now owns 1,561,866 shares of the industrial products company's stock worth $326,803,000 after acquiring an additional 47,052 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Nordson by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 1,455,956 shares of the industrial products company's stock worth $303,918,000 after acquiring an additional 12,590 shares during the period. Champlain Investment Partners LLC boosted its holdings in shares of Nordson by 2.9% in the fourth quarter. Champlain Investment Partners LLC now owns 860,430 shares of the industrial products company's stock worth $180,036,000 after acquiring an additional 24,030 shares during the period. Finally, ProShare Advisors LLC boosted its holdings in shares of Nordson by 0.7% in the fourth quarter. ProShare Advisors LLC now owns 761,233 shares of the industrial products company's stock worth $159,280,000 after acquiring an additional 4,955 shares during the period. 72.11% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. KeyCorp lowered their price objective on Nordson from $260.00 to $230.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Oppenheimer upgraded Nordson from a "market perform" rating to an "outperform" rating and set a $260.00 price objective on the stock in a research report on Friday, May 30th. Wolfe Research assumed coverage on Nordson in a research report on Wednesday, June 18th. They issued a "peer perform" rating on the stock. BNP Paribas downgraded Nordson from an "outperform" rating to a "neutral" rating and set a $219.00 price objective on the stock. in a research report on Monday, February 24th. Finally, Wall Street Zen upgraded Nordson from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. Five equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Nordson has an average rating of "Moderate Buy" and a consensus price target of $252.00.

Nordson Trading Up 1.7%

NASDAQ NDSN opened at $213.02 on Tuesday. The stock's 50-day simple moving average is $200.21 and its two-hundred day simple moving average is $206.46. Nordson Corporation has a twelve month low of $165.03 and a twelve month high of $266.86. The company has a quick ratio of 1.64, a current ratio of 2.56 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $12.04 billion, a price-to-earnings ratio of 27.38, a PEG ratio of 1.61 and a beta of 0.89.

Nordson (NASDAQ:NDSN - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The industrial products company reported $2.42 earnings per share for the quarter, beating analysts' consensus estimates of $2.36 by $0.06. Nordson had a return on equity of 19.10% and a net margin of 16.51%. The business had revenue of $682.94 million for the quarter, compared to the consensus estimate of $671.36 million. During the same quarter last year, the business posted $2.34 earnings per share. The company's revenue for the quarter was up 5.0% on a year-over-year basis. Research analysts forecast that Nordson Corporation will post 10.2 EPS for the current fiscal year.

Nordson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Thursday, June 19th will be issued a $0.78 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $3.12 annualized dividend and a dividend yield of 1.46%. Nordson's dividend payout ratio is currently 40.10%.

Nordson Profile

Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. It operates through three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.

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